Rapid Valley, SD is a small town located in South Dakota with an estimated population of 4,744. The average rental price for a two-bedroom apartment is $1,180 while the national average is slightly higher at $1,430. Rapid Valley has a Grocery Cost Index score of 100 which matches the US score. This means that groceries are equally priced between Rapid Valley and the national average.
The town boasts several local businesses such as Rapid City Carpet Cleaning, Great Plains Communications, Midcontinent Communications and Platte River Insurance Agency. It also hosts many events throughout the year like the Rapid City Summer Nights Festival which offers food trucks and live music to its attendees. Rapid Valley is an ideal location for those looking to explore the beauty of South Dakota without breaking their bank account!
Rapid Valley (zip 57703) has an unemployment rate of 3.4%. The US average is 6.0%.
Rapid Valley (zip 57703) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Rapid Valley (zip 57703)
- The Sales Tax Rate for Rapid Valley (zip 57703) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Rapid Valley (zip 57703) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rapid Valley (zip 57703)
- The average income of a Rapid Valley (zip 57703) resident is $30,976 a year. The US average is $37,638 a year.
- The Median household income of a Rapid Valley (zip 57703) resident is $72,217 a year. The US average is $69,021 a year.